Janover Expands Solana Holdings to $21 Million, Stock Rises 1,700%
Janover (JNVR) has developed a treasury strategy focused on Solana (SOL), acquiring approximately $21 million in SOL assets. Key points include:
- Purchase of 80,567 SOL tokens valued at $10.5 million, totaling 163,651 SOL holdings.
- Janover is the first publicly-traded U.S. company adopting a treasury strategy centered on SOL.
- Leadership includes former Kraken executives: Joseph Onorati as chairman and CEO, Parker White as CIO and COO, and Marco Santori on the board.
- Raised $42 million through convertible notes and warrants for Solana acquisitions.
- Aims to operate validators on Solana’s proof-of-stake network.
- Share prices increased over 1,700% since early April, reaching $73.74 after the latest acquisition.
Janover will maintain its commercial real estate operations alongside its crypto initiatives.